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Prudential Fixed Income To Manage New $624 Million CLO

Dryden XXV Senior Loan Fund, a $624 million collateralized loan obligation, closed on December 11. Prudential Fixed Income was appointed as the collateral manager for this transaction, the company said today. Prudential Fixed Income is the principal public fixed income asset management business of Prudential Financial, Inc. (NYSE: PRU).

"We are pleased to welcome many first-time CLO investors into the latest Dryden transaction.” said Brian Juliano, vice president and portfolio manager for Prudential Fixed Income's U.S. bank loan team. “We are committed to continuing a tradition of managing higher quality deals and being transparent with investors."

Sara Bonesteel, managing director and head of alternative investments at Prudential Fixed Income, added, "We believe the excellent execution on Dryden XXV indicates investors' confidence in our credit and CLO management capabilities, and we aim to serve them well throughout the life of the transaction."

The Dryden XXV Senior Loan Fund is the fourth new CLO to be issued under the Dryden brand in the last 12 months and the 42nd cash or synthetic CLO/CDO structure to be managed or sub-advised by Prudential Fixed Income from its Newark and London offices. Standard & Poor's ranks Prudential as one of the largest global CLO managers. The firm manages over $9.5 billion in CLO capital.

Prudential Fixed Income, with $356 billion in assets under management as of September 30, 2012, offers institutional investors needs-based solutions across all fixed income markets, with a focus on credit strategies and liability-driven investing. Prudential Fixed Income has portfolio management and research teams in Newark, N.J.; London and Singapore. For more information, please visit
www.prudentialfixedincome.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with $1 trillion of assets under management as of September 30, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit
http://www.news.prudential.com/